Obsolete Currency

$75.00

In the late 1780’s, there became a need for currency that would circulate freely. Private banks were formed that issued their own currency, additionally major institutions like railroads, navigation companies, and private merchants also issued currency. This system, which had a high degree of counterfeiting, existed up until 1862 when the government taxed it out existence.

Description

In the late 1780’s, there became a need for currency that would circulate freely. Private banks were formed that issued their own currency, additionally major institutions like railroads, navigation companies, and private merchants also issued currency. This system, which had a high degree of counterfeiting, existed up until 1862 when the government taxed it out existence.

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London Coin Galleries of Newport offers an eclectic and diverse inventory that you are sure to find interesting. Offerings will satisfy the novice and experienced collector alike. Prices are varied to accommodate every budget. New inventory is acquired daily.